1357: Several Goldman Sachs staff in London have been "put on notice" about moving to Frankfurt within weeks, Reuters is reporting. The US investment bank has apparently begun to take the steps to minimize disruption to clients, with the first to move being derivatives and debt capital markets teams working on German accounts.
Philip Hammond will insist on Wednesday that Britain can overcome EU opposition and include financial services in a post-Brexit free trade deal. The chancellor is expected to use a speech in the City to challenge the idea – voiced strongly by France’s finance minister on Tuesday – that financial services have never been included in trade deals because of their complexity and the risks to stability. – Guardian.